Kraton Corporation (NYSE: KRA) has recently received a number of price target changes and ratings updates:

  • 10/28/2017 – Kraton Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $56.00 price target on the stock. According to Zacks, “Kraton Corp is a producer of styrenic block copolymers, specialty polymers and performance products derived from pine wood pulping co-products. The company’s product are used in a wide range of applications, including adhesives, coatings, consumer and personal care products, sealants and lubricants, and medical, packaging, automotive, paving and roofing applications. Kraton Corporation, formerly known as Kraton Performance Polymers Inc., is headquartered in Houston, Texas. “
  • 10/26/2017 – Kraton Corporation was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 10/25/2017 – Kraton Corporation was downgraded by analysts at TheStreet from a “b-” rating to a “c” rating.
  • 10/25/2017 – Kraton Corporation had its price target raised by analysts at UBS AG from $28.00 to $30.00. They now have a “sell” rating on the stock.
  • 10/17/2017 – Kraton Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $47.00 price target on the stock. According to Zacks, “Kraton Corp is a producer of styrenic block copolymers, specialty polymers and performance products derived from pine wood pulping co-products. The company’s product are used in a wide range of applications, including adhesives, coatings, consumer and personal care products, sealants and lubricants, and medical, packaging, automotive, paving and roofing applications. Kraton Corporation, formerly known as Kraton Performance Polymers Inc., is headquartered in Houston, Texas. “
  • 10/13/2017 – Kraton Corporation was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Kraton Corp is a producer of styrenic block copolymers, specialty polymers and performance products derived from pine wood pulping co-products. The company’s product are used in a wide range of applications, including adhesives, coatings, consumer and personal care products, sealants and lubricants, and medical, packaging, automotive, paving and roofing applications. Kraton Corporation, formerly known as Kraton Performance Polymers Inc., is headquartered in Houston, Texas. “
  • 10/11/2017 – Kraton Corporation had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $55.00 price target on the stock, up previously from $45.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 9/29/2017 – Kraton Corporation is now covered by analysts at UBS AG. They set a “buy” rating and a $65.00 price target on the stock.
  • 9/28/2017 – Kraton Corporation is now covered by analysts at Loop Capital. They set a “buy” rating and a $65.00 price target on the stock.

Shares of Kraton Corporation (NYSE:KRA) traded up $0.27 during trading on Tuesday, reaching $48.71. The company had a trading volume of 166,000 shares, compared to its average volume of 324,213. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.19 and a current ratio of 2.27. The company has a market capitalization of $1,515.98, a price-to-earnings ratio of 19.61 and a beta of 1.21. Kraton Corporation has a 1 year low of $25.09 and a 1 year high of $51.23.

Kraton Corporation (NYSE:KRA) last announced its quarterly earnings data on Tuesday, October 24th. The specialty chemicals company reported $1.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.57. The firm had revenue of $510.90 million during the quarter, compared to analyst estimates of $481.77 million. Kraton Corporation had a return on equity of 14.19% and a net margin of 1.27%. Kraton Corporation’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.63 earnings per share. equities analysts anticipate that Kraton Corporation will post 2.96 EPS for the current year.

In related news, SVP James Leo Simmons sold 6,950 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $47.39, for a total value of $329,360.50. Following the completion of the sale, the senior vice president now directly owns 25,000 shares of the company’s stock, valued at $1,184,750. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Kevin Michael Fogarty sold 81,430 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $49.09, for a total value of $3,997,398.70. Following the completion of the sale, the chief executive officer now directly owns 278,119 shares of the company’s stock, valued at $13,652,861.71. The disclosure for this sale can be found here. Over the last three months, insiders sold 218,614 shares of company stock valued at $10,434,139. 5.01% of the stock is owned by corporate insiders.

Kraton Corporation, formerly Kraton Performance Polymers, Inc, is a specialty chemicals company. The Company manufactures styrenic block copolymers (SBCs) and other engineered polymers. The Company also produces specialty products primarily derived from pine wood pulping co-products. The Company operates through two segments: Polymer Segment, which comprises SBCs and other engineered polymers business, and Chemical Segment, which comprises pine-based specialty products business.

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